Faster global financial news!
Shopify Falls 4% to $147 on Profit Taking After 18% Monthly Run; eBay and Etsy Slip 2%
Shopify (SHOP) stock dropped 4% to $147.24 in Monday midday trading, following an 18% rally over the past month. The decline is attributed to profit taking rather than any specific company news or downgrade. Peers eBay (EBAY) and Etsy (ETSY) also slipped 2% each, but their lower valuations (eBay 21.51x P/E, Etsy 26.45x P/E) made them less susceptible to the same profit-taking pressure compared to Shopify's 151.48x P/E. Shopify's Q2 2026 report on August 5 showed strong fundamentals, with B2B gross merchandise volume (GMV) growing 76% year-over-year, contributing to its recent gains.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
CoreWeave's default probability exceeds 60%, but NVIDIA CEO Jensen Huang states its financing costs are decreasing and NVIDIA is not required to backstop it.
-
2
Jensen Huang Responds to AI Compute Investment Anxiety: Backs CoreWeave, Says Market Misreads Compute Demand
-
3
UKMTO Warns of "Severe" Threat to Shipping in Strait of Hormuz, Attacks "Highly Likely"
-
4
US embassy warns of potential attacks on Saudi airports, restricts staff travel and urges citizens to take extreme caution
-
5
MSCI adopts new index exclusion rules; Strategy and Metaplanet may face removal, SharpLink placed on review list.
-
6
Fed's Hammack: Financial conditions do not appear restrictive right now
-
7
MSCI Launches Consultation to Reclassify Indonesia Equity Indexes from Emerging to Standalone Market Status
-
8
Porsche CEO Michael Leiters discusses new Mission S supercar, China market, and future of EVs
-
9
Balaji Srinivasan's Network School acquires Farcaster; users must sign 'social smart contract' or get read-only access
-
10
China is accelerating the internationalization of the RMB, aiming to build a more comprehensive financial ecosystem where its functions extend beyond trade settlement.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
